Global-e Online board approves new $500M share repurchase program

[Stock Buyback Stock Trading Chart 3D Background]
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Direct-to-consumer e-commerce platform Global-e Online (GLBE [https://seekingalpha.com/symbol/GLBE]) announced that its board of directors has authorized a new share repurchase program [https://seekingalpha.com/pr/20540197-global-e-announces-board-authorization-of-500-million-share-repurchase-program] to buy back up to $500M of its ordinary shares.

The program, which qualifies as a "distribution" under the Israeli Companies Law, will commence following the completion of necessary domestic regulatory procedures.

The incremental $500 million authorization succeeds Global-e's 2025 buyback plan, of which approximately 80% has already been completed.

The company expects to fund repurchases with cash on hand and future cash generated from its operations.

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